# Japan's yen has seen wild swings this year — is it still a safe-haven asset?

> The yen has seen sharp volatility in 2024, weakening to its lowest since 1986 in June and prompting Bank of Japan intervention. It then strengthened more than 12% from July 3 to August 5 after the BOJ raised rates. Analysts say its safe-haven status remains largely intact.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/29047-japan-s-yen-has-seen-wild-swings-this-year-is-it-still-a-safe-haven-asset
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen volatility affects Japanese importers' costs and investor risk appetite, which can spill into commodity markets. Direct feed-grain price implications are limited.

## Sources

- cnbc.com: https://www.cnbc.com/2024/08/23/japanese-yens-safe-haven-tag-is-intact-despite-recent-volatility.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.